TTY wouldn't need a cap raising if Michael Kiernan hadn't gone...

TTY wouldn't need a cap raising if Michael Kiernan hadn't gone on a spending binge with shareholders money. He almost destroyed TTY and the board was too gutless to stand up to him. Anyway that's old news.

Recently TTY doesn't seem to have had the same degree of sentiment improvement that other IO stocks have had experienced. Perhaps this is due to their debt position which hopefully will be fixed with the raising. The danger is they may have to do it at a big disount.